Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target Raised to C$19.00

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price target hoisted by investment analysts at Raymond James from C$18.75 to C$19.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. Raymond James’ price objective suggests a potential upside of 34.28% from the stock’s current price.

MI.UN has been the topic of a number of other research reports. Scotiabank cut their target price on shares of Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a research note on Thursday. BMO Capital Markets cut their price objective on Minto Apartment Real Estate Invt Trust from C$19.00 to C$18.50 in a research report on Monday, October 28th. TD Securities increased their target price on Minto Apartment Real Estate Invt Trust from C$21.00 to C$22.00 in a research report on Thursday, August 15th. CIBC lowered their target price on Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a research note on Thursday. Finally, National Bankshares upped their price target on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$19.68.

Minto Apartment Real Estate Invt Trust Stock Performance

TSE:MI.UN opened at C$14.15 on Thursday. The company has a quick ratio of 0.04, a current ratio of 1.11 and a debt-to-equity ratio of 101.09. The firm’s fifty day simple moving average is C$15.65 and its 200 day simple moving average is C$15.51. The stock has a market cap of C$564.87 million, a P/E ratio of -15.90 and a beta of 1.23. Minto Apartment Real Estate Invt Trust has a twelve month low of C$13.69 and a twelve month high of C$17.89.

About Minto Apartment Real Estate Invt Trust

Minto Apartment Real Estate Investment Trust, an open-ended real estate investment trust, owns and operates a portfolio of income-producing multi-residential rental properties located in Canada. As of December 31, 2020, its portfolio consists of interests in 29 multi-residential rental properties, including three mixed-use residential apartment and commercial buildings in Toronto, Ottawa, Montréal, Calgary, and Edmonton.